CDAX PERF INDEX - Daily - Technical analysis published on 08/25/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1,398.36 EUR
My targets
1,311.95 EUR (-4.79%)
1,270.00 EUR (-7.83%)
My analysis
CDAX PERF INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,398.36 EUR. The next support located at 1,311.95 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,270.00 EUR. Below this support, sellers could then target 1,224.01 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
The CDAX PERF INDEX rating is 1,377.90 EUR. The price is lower by -0.01% since the last closing and was between 1,374.96 EUR and 1,386.95 EUR. This implies that the price is at +0.21% from its lowest and at -0.65% from its highest.1,374.96
1,386.95
1,377.90
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CDAX PERF INDEX:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CDAX PERF INDEX in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,270.00 | 1,311.95 | 1,370.28 | 1,377.90 | 1,398.36 | 1,415.95 | 1,455.20 |
| Change (%) | -7.83% | -4.79% | -0.55% | - | +1.48% | +2.76% | +5.61% |
| Change | -107.90 | -65.95 | -7.62 | - | +20.46 | +38.05 | +77.30 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,360.93 | 1,367.95 | 1,372.92 | 1,379.94 | 1,384.91 | 1,391.93 | 1,396.90 |
| Camarilla | 1,374.60 | 1,375.70 | 1,376.80 | 1,377.90 | 1,379.00 | 1,380.10 | 1,381.20 |
| Woodie | 1,359.92 | 1,367.44 | 1,371.91 | 1,379.43 | 1,383.90 | 1,391.42 | 1,395.89 |
| Fibonacci | 1,367.95 | 1,372.53 | 1,375.36 | 1,379.94 | 1,384.52 | 1,387.35 | 1,391.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,340.52 | 1,357.74 | 1,367.82 | 1,385.04 | 1,395.12 | 1,412.34 | 1,422.42 |
| Camarilla | 1,370.39 | 1,372.90 | 1,375.40 | 1,377.90 | 1,380.40 | 1,382.91 | 1,385.41 |
| Woodie | 1,336.95 | 1,355.96 | 1,364.25 | 1,383.26 | 1,391.55 | 1,410.56 | 1,418.85 |
| Fibonacci | 1,357.74 | 1,368.17 | 1,374.61 | 1,385.04 | 1,395.47 | 1,401.91 | 1,412.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,296.15 | 1,330.04 | 1,391.95 | 1,425.84 | 1,487.75 | 1,521.64 | 1,583.55 |
| Camarilla | 1,427.53 | 1,436.31 | 1,445.09 | 1,453.87 | 1,462.65 | 1,471.43 | 1,480.22 |
| Woodie | 1,310.17 | 1,337.05 | 1,405.97 | 1,432.85 | 1,501.77 | 1,528.65 | 1,597.57 |
| Fibonacci | 1,330.04 | 1,366.63 | 1,389.24 | 1,425.84 | 1,462.43 | 1,485.04 | 1,521.64 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.48 | |
| MACD (12,26,9): | -10.4300 | |
| Directional Movement: | -8.70 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 1,384.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,402.26 | |
| Elder Ray (13): | -9.66 | |
| Super Trend (3,10): | 1,419.59 | |
| Zig ZAG (10): | 1,377.90 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 24.91 | |
| TEMA (21): | 1,376.13 | |
| Williams %R (14): | -81.55 | |
| Chande Momentum Oscillator (20): | -24.01 | |
| Repulse (5,40,3): | -1.7900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 4.85 |
| MA7: | 1,381.57 | |
| MA20: | 1,400.87 | |
| MA50: | 1,409.28 | |
| MA100: | 1,408.96 | |
| MAexp7: | 1,383.90 | |
| MAexp20: | 1,396.58 | |
| MAexp50: | 1,405.03 | |
| MAexp100: | 1,395.26 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -1.64% | |
| Price / MA50: | -2.23% | |
| Price / MA100: | -2.20% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -1.34% | |
| Price / MAexp50: | -1.93% | |
| Price / MAexp100: | -1.24% |
Quotes :
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15 min delayed data
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Germany Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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